$5,363

Avg. Federal Grant

$5,777

Avg. Federal Loan

$75,433,244

Total Aid Awarded

Rutgers University-Newark Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$75.433M

Financial Aid Official Website

https://financialaid.rutgers.edu/

As many as 87% of the students at RUN get some sort of financial aid, and the total amount of assistance/loans provided is more than $33,299,901 in a year. For additional information about financial assistance schemes, one can head over to RUN’s financial aid page at https://financialaid.rutgers.edu/. At RUN, the total percentage of applicants who receive the Federal Grant stands at 61%. In comparison, 74% of the students are awarded the Student Grant, 35% get the Institution Grant, and 61% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,523, while the same comes to $8,340 for State Grant receivers and $6,041 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,930. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Rutgers University-Newark, the percentage of candidates who opt to avail of student loans is around 47%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

57%

Institution Grant Aid

39%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$5,363

State Grant Aid

$8,128

Institution Grant Aid

$5,863

Pell Grant

$5,133

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$16,254

$30,001 - $48,000

$15,000

$48,001 - $75,000

$9,310

$75,001 - $110,000

$3,442

Over $110,000

$668

Student Loans for Rutgers University-Newark

Average Loan Amount Average Loan Amount received per year.

$7,172/Year

Students Taking Out Loans

48%

Loan Default Rate

N/A

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